https://www.budget.senate.gov/chairman/newsroom/press/whitehouse-our-tax-code-is-corrupted-and-rotten
Our tax code is corrupted and rotten, turned upside down for special interests. What can we do about it? Fix the carried interest loophole. Stop rewards for offshoring jobs. Lock in a real corporate minimum tax on foreign profits so huge corporations can't pay zero. Raise the tax on buybacks passed in the Inflation Reduction Act.

https://www.youtube.com/watch?v=eEqNt6D3E74
June 12 | Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered an opening statement at a Budget Committee hearing entit

https://chu.house.gov/media-center/press-releases/rep-chu-sen-whitehouse-introduce-legislation-ending-billionaires-tax
WASHINGTON, D.C. — Rep. Judy Chu (CA-28) and Sen. Sheldon Whitehouse (RI) today introduced the End Tax Breaks for Dark Money Act, legislation to close a loophole in the tax code that allows billionaires to avoid capital gains taxes on appreciated assets donated to dark money organizations, a tactic that has been increasingly used to funnel dark money into the American political system.

https://www.reddit.com/r/Democrat/comments/1de8dm6/sen_whitehouse_our_tax_code_is_rotten_and/
Sen. Whitehouse: Our Tax Code is Rotten and Corrupted for Special Interests and the Wealthy June 12 | Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered an opening statement at a Budget Committee hearing entitled, "Making Wall Street Pay Its Fair Share: Raising Revenue, Strengthening Our Economy."

https://www.reddit.com/r/Astuff/comments/1deh7rh/sen_whitehouse_our_tax_code_is_rotten_and/
Sen. Whitehouse: Our Tax Code is Rotten and Corrupted for Special Interests and the Wealthy

https://ips-dc.org/u-s-ceos-are-bequeathing-us-a-frightfully-unequal-future/
Count the chair of the Senate Budget Committee, Rhode Island's Sheldon Whitehouse, as one of those lawmakers. "Our tax code is corrupted and rotten, turned upside down for special interests," the senator charged at his panel's June 12 hearing. What can we do about that corruption? Whitehouse advanced a number of fixes.

https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/11/fact-sheet-the-presidents-budget-cuts-taxes-for-working-families-and-makes-big-corporations-and-the-wealthy-pay-their-fair-share/
The President's Budget will end one of the most unfair aspects of our tax system—the fact that the tax rate the wealthy pay on capital gains and dividends is less than the tax rate that many

https://www.whitehouse.senate.gov/news/release/whitehouse-cicilline-reintroduce-disclose-act-to-end-corrupting-influence-of-dark-money-in-american-democracy/
Washington, DC - U.S. Senator Sheldon Whitehouse (D-RI) and Representative David Cicilline (D-RI) today led 162 colleagues in both houses of Congress in introducing the DISCLOSE Act, legislation to end the scourge of dark money, shine a bright light of transparency on politics, and make government more accountable to the will of voters. "A toxic […]

https://waysandmeans.house.gov/2021/10/25/fact-check-tax-breaks-for-wealthy-irs-surveillance-is-rotten-core-of-bidens-tax-plan/
The Tax Cuts and Jobs Act (TCJA) simplified the tax code and led to lower tax rates for every income level, while increasing the share of federal taxes paid by the wealthy. Under tax reform, Republicans made it easier than ever for hardworking Americans to pay their taxes by eliminating the stress and burden of itemizing for 90% of taxpayers.

https://www.finance.senate.gov/chairmans-news/wyden-leads-democratic-colleagues-in-introducing-billionaires-income-tax
I am proud to join my colleagues in introducing legislation to finally make sure that billionaires at the top pay their fair share and bring some fairness to our tax system," said Senator Baldwin. "For too long, our country's tax code has rewarded wealthy individuals, enabling them to get away with paying lower tax rates than working

https://goodmenproject.com/featured-content/u-s-ceos-are-bequeathing-us-a-frightfully-unequal-future/
Count the chair of the Senate Budget Committee, Rhode Island's Sheldon Whitehouse, as one of those lawmakers. "Our tax code is corrupted and rotten, turned upside down for special interests

https://www.commondreams.org/opinion/ceo-and-worker-pay-gap
Count the chair of the Senate Budget Committee, Rhode Island's Sheldon Whitehouse, as one of those lawmakers. "Our tax code is corrupted and rotten, turned upside down for special interests," the senator charged at his panel's June 12 hearing. ... "Our tax code is corrupted and rotten, turned upside down for special interests," the

https://www.whitehouse.senate.gov/news/release/whitehouse-chu-introduce-bill-ending-billionaires-tax-free-giveaways-to-dark-money-groups/
I've partnered with Senator Whitehouse today to introduce the End Tax Breaks for Dark Money Act, which would impose capital gains taxes on these donations by the rich to political organizations and close a loophole subsidizing the wealthy's ability to influence our politics." ... special interests have exploited American tax laws to

https://www.budget.senate.gov/imo/media/doc/061224chairmanwhitehouseopeningstatement.pdf
Our tax code is corrupted and rotten, turned upside down for special interests. What can we do about it? Fix the carried interest loophole. Stop rewards for offshoring jobs. Lock in a real corporate minimum tax on foreign profits so huge corporations can't pay zero. Raise the tax on buybacks passed in the Inflation Reduction Act.

https://www.whitehouse.senate.gov/news/release/whitehouse-leads-charge-to-end-harmful-dark-money-riders/
Washington, DC - Today, Senate Finance Taxation and IRS Oversight Subcommittee Chairman Sheldon Whitehouse (D-RI) led 19 senators in calling on the Senate Appropriations Committee to end years of harmful Republican appropriations riders that block the IRS from setting clear rules for 501(c)(4) nonprofit groups that spend dark money in our politics. In recent years, […]

https://www.baldwin.senate.gov/news/press-releases/baldwin-manchin-brown-lead-effort-to-close-tax-loophole-and-make-private-equity-pay-their-fair-share
WASHINGTON, D.C. - As Americans mark Tax Day 2024, U.S. Senators Tammy Baldwin (D-WI), Joe Manchin (D-WV), and Sherrod Brown (D-OH) introduced the Carried Interest Fairness Act to eliminate a tax loophole that benefits wealthy money managers on Wall Street. The current carried interest loophole allows investment managers to often pay almost half the tax rate compared to most other Wisconsin

https://www.booker.senate.gov/news/press/booker-van-hollen-and-colleagues-announce-new-legislation-to-close-the-stepped-up-basis-tax-loophole
WASHINGTON - Today, U.S. Senators Cory Booker (D-NJ), Chris Van Hollen (D-MD), Bernie Sanders (I-VT), Sheldon Whitehouse (D-RI), and Elizabeth Warren (D-MA), announced a new proposal to close the stepped-up basis income tax loophole - re for ming one of the largest tax breaks in our federal tax code in order to support national investments that will benefit all Americans and build a more

https://www.finance.senate.gov/chairmans-news/wyden-statement-on-supreme-court-hearing-moore-v-united-states
June 26,2023 Wyden Statement on Supreme Court Hearing Moore v. United States. Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the announcement that the Supreme Court will hear Moore v.United States, a case dealing with the parameters of Congressional authority to levy taxes: "The petitioners in Moore are hoping the Supreme Court

https://raskin.house.gov/2024/6/raskin-ocasio-cortez-introduce-legislation-imposing-gift-ban-on-supreme-court-justices
WASHINGTON, DC - Today, Representatives Jamie Raskin (MD-08) and Alexandria Ocasio-Cortez (NY-14) introduced the High Court Gift Ban Act to prohibit Supreme Court justices from receiving gifts valued at more than $50, marking a significant step towards restoring faith and integrity in the embattled Roberts Court. "The Supreme Court is the highest court in the land but has the lowest

https://www.whitehouse.senate.gov/news/release/bidens-sotu-address-highlights-whitehouse-priorities-to-grow-the-middle-class-and-defend-freedoms-at-home-and-abroad/
Washington, DC - U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Budget Committee, today applauded President Biden's 2024 State of the Union address, which highlighted an array of Whitehouse priorities aimed at growing the middle class and defending freedoms at home and abroad. Protecting Social Security and Medicare President Biden: "Working people who built this […]

https://www.whitehouse.senate.gov/news/release/senate-tees-up-vote-on-whitehouses-disclose-act-to-help-restore-americans-faith-in-democracy/
Washington, DC - U.S. Senator Sheldon Whitehouse (D-RI) today announced that the Senate is set to vote later this week on the DISCLOSE Act (S. 4822) to combat the flood of anonymous special interest spending in American politics. The bill would require organizations spending money in federal elections and judicial nominations to disclose their donors, […]

https://www.msnbc.com/katy-tur/watch/sen-whitehouse-new-scotus-code-misses-the-bulk-of-the-problem-197861445900
Yasmin Vossoughian spoke to Senate Judiciary committee, Sen. Sheldon Whitehouse (D-RI) about the new Supreme Court ethics code. IE 11 is not supported. For an optimal experience visit our site on

https://chrisherbert.substack.com/p/broken-tax-system-funds-the-oligarchs
These are some recent remarks Senator Whitehouse made regarding the way the wealthy avoid taxes. It's astonishing that our national legislature is this corrupt. ... Our tax code is corrupted and rotten, turned upside down for special interests. What can we do about it? Fix the carried interest loophole. Stop rewards for offshoring jobs.